DEBRU: what changed
What changed
DEBRU
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€31,006
2024 · €35,140-€4,134
Equity
€1.5m
2024 · €1.5m+€31,006
Cash
€2,093
2024 · €428+€1,666
Balance sheet total
€3.4m
2024 · €3.5m-€113,194
Largest movements
Assets
- Tangible fixed assets -€130,904
down €130,904 (-4.9%), from €2.7m to €2.5m
Equity and liabilities
- Debts after one year -€131,293
down €131,293 (-11.4%), from €1.1m to €1.0m
- Profit (loss) carried forward +€47,128
up €47,128 (+32.1%), from -€146,872 to -€99,744
Income statement
- Gross operating margin -€2,847
down €2,847 (-1.4%), from €199,363 to €196,516
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€35,140
Gross operating margin
-€2,847
Depreciation
-€770
Other operating charges
-€533
Financial income
+€315
Financial charges
-€299
Result 2025
€31,006
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€147,897
Investment
-€16,044
Financing
-€130,187
Cash 2024
€428
From operations (derived)
+€147,897
Net result for the year
+€31,006
Depreciation
+€130,904
Provisions
-€6,772
Smaller working-capital items
-€100
Tax, wage and social debts
+€1,535
Other debts
-€8,675
Investment (derived)
-€16,044
Current investments
-€16,044
Financing
-€130,187
Debts after one year
-€131,293
Current portion of long-term debt
+€1,106
Cash 2025
€2,093
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,488,563 | €3,375,369 | -€113,194 | -3.2% |
| Fixed assets | 21/28 | €2,685,886 | €2,554,982 | -€130,904 | -4.9% |
| Tangible fixed assets | 22/27 | €2,669,828 | €2,538,924 | -€130,904 | -4.9% |
| Land and buildings | 22 | €2,669,828 | €2,538,924 | -€130,904 | -4.9% |
| Financial fixed assets | 28 | €16,058 | €16,058 | = | 0.0% |
| Current assets | 29/58 | €802,677 | €820,387 | +€17,710 | +2.2% |
| Amounts receivable within one year | 40/41 | €48 | €48 | = | 0.0% |
| Other amounts receivable | 41 | €48 | €48 | = | 0.0% |
| Current investments | 50/53 | €802,202 | €818,246 | +€16,044 | +2.0% |
| Cash at bank and in hand | 54/58 | €428 | €2,093 | +€1,666 | +390% |
| Total equity and liabilities | 10/49 | €3,488,563 | €3,375,369 | -€113,194 | -3.2% |
| Equity | 10/15 | €1,496,487 | €1,527,493 | +€31,006 | +2.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,104,949 | €1,104,949 | = | 0.0% |
| Reserves | 13 | €438,410 | €422,288 | -€16,122 | -3.7% |
| Tax-exempt reserves | 132 | €205,750 | €189,628 | -€16,122 | -7.8% |
| Distributable reserves | 133 | €232,660 | €232,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,872 | -€99,744 | +€47,128 | +32.1% |
| Provisions and deferred taxes | 16 | €86,426 | €79,653 | -€6,772 | -7.8% |
| Deferred taxes | 168 | €86,426 | €79,653 | -€6,772 | -7.8% |
| Amounts payable | 17/49 | €1,905,650 | €1,768,223 | -€137,427 | -7.2% |
| Amounts payable after more than one year | 17 | €1,149,244 | €1,017,951 | -€131,293 | -11.4% |
| Financial debts | 170/4 | €1,149,244 | €1,017,951 | -€131,293 | -11.4% |
| Amounts payable within one year | 42/48 | €755,260 | €749,075 | -€6,186 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €130,187 | €131,293 | +€1,106 | +0.8% |
| Trade debts | 44 | €581 | €430 | -€151 | -26.0% |
| Suppliers | 440/4 | €581 | €430 | -€151 | -26.0% |
| Taxes, remuneration and social security | 45 | €978 | €2,513 | +€1,535 | +157% |
| Taxes | 450/3 | €978 | €2,513 | +€1,535 | +157% |
| Other amounts payable | 47/48 | €623,515 | €614,839 | -€8,675 | -1.4% |
| Accrued charges and deferred income | 492/3 | €1,146 | €1,197 | +€51 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,134 | €130,904 | +€770 | +0.6% |
| Other operating charges | 640/8 | €14,554 | €15,087 | +€533 | +3.7% |
| Gross operating margin | 9900 | €199,363 | €196,516 | -€2,847 | -1.4% |
| Operating profit (loss) | 9901 | €54,676 | €50,526 | -€4,150 | -7.6% |
| Financial income | 75/76B | €15,729 | €16,044 | +€315 | +2.0% |
| Recurring financial income | 75 | €15,729 | €16,044 | +€315 | +2.0% |
| Financial charges | 65/66B | €42,038 | €42,336 | +€299 | +0.7% |
| Recurring financial charges | 65 | €42,038 | €42,336 | +€299 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €28,367 | €24,233 | -€4,134 | -14.6% |
| Transfer from deferred taxes | 780 | €6,772 | €6,772 | = | 0.0% |
| Profit (loss) for the period | 9904 | €35,140 | €31,006 | -€4,134 | -11.8% |
| Transfer from tax-exempt reserves | 789 | €16,122 | €16,122 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,262 | €47,128 | -€4,134 | -8.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.